Use the following selected information from Letterman Corporation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base. Net sales Cost of goods sold Operating expenses Net earnings Year 2 $ 276,200 Year 1 $231,400 151,910 129,584 55,240 53,240 27,820 19,820 Multiple Choice 55.0% for Year 2 and 56.0% for Year 1. 117.2% for Year 2 and 100.0% for Year 1. 119.4% for Year 2 and 100.0% for Year 1. 36.4% for Year 2 and 41.1% for Year 1. 65.1% for Year 2 and 56.0% for Year 1